BTC's long-term downtrend remains unchanged; the rebound initiated from the 57800 low is merely a corrective move within the downtrend. The daily chart has held above the short-term moving averages but is constrained by the mid-term moving average and the downward trendline, with no basis for a reversal yet.



The 4-hour chart shows a stepwise rebound pattern. After surging to 62200, it formed a long upper shadow, hitting dense resistance and triggering concentrated selling pressure. The market has entered a consolidation phase; the hourly chart has formed a small double top, bearish momentum has been released, and short-term adjustment signals are clear.

BTC key range: resistance 62000-62500, support 61000-60500

ETH focus: resistance 1720-1750, short-term support 1650-1680

Personal advice, for reference only: Rely on the above resistance levels, mainly sell on rallies, set a stop loss, and do not hold against the trend.$BTC $ETH
BTC1.16%
ETH4.17%
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